More details to this question:
I got a divorce in March of 2018 and received a QDRO for my ex spouse’s 401k. I have not “cashed it out” yet but I want to go forward with it now. Both of us have since moved so the addresses on the QDRO do not reflect our current addresses. Do I need to have an entire new QDRO drafted to go forward with it? If so, how would I do this? Do I really need to pay an attorney just to change the addresses?
1 ANSWER
I suggest that you contact the Plan Administrator, which should be included in your order, and let them know you wish to file a change of address. You should be able to do this with a letter. However, all retirement plans vary and you must comply with the rules of that particular plan. If they require a revised QDRO to disburse proceeds, it may become necessary for you to follow up with a new Order. While I hope that is not the case, you must adhere to the requirements of the plan. Plans are bound by strict rules to ensure favorable tax treatment and will insist on strict compliance. Best of luck~
Answered on Mar 09th, 2020 at 10:58 AM